Negotiating Strategies: How to get renters to pay what you’re asking

It’s likely many of your leads are asking you for a price break these days. Even I was asked for a deal when I sold my rental home a few months ago. It seems like no one wants nor expects to pay full price for anything these days… period. But if you’re like me, you want to get a reasonable market rent because you’ve priced your home strategically to begin with. I’ve come up with a few tips to help get the price you want without souring the deal: Anticipate the Negotiation: You have researched your market, you know the comps...

Rental Vacancies Up. Time to Reassess Marketing Strategy

The Denver Post reports today that apartment vacancies are at a 4-year high in the Denver metro area. With many people out of a job or worried about their finances , apparently more and more people are choosing to live with roommates or move in with their parents to save money. But rest assured that demand for rental homes will always exist. Finding a loan will be forever more difficult. And people will think twice about buying so quickly in the future. The rental market may recover much more quickly than some think… But if you’re a real estate investor...

Corporate Housing Isn’t for Everyone. Do You Have What it Takes?

With more investors coming into the marketplace looking for good deals on real estate, we want to address what it takes to be a corporate housing landlord. While corporate housing can be quite lucrative and make your property stand out in a sea of available rentals, it’s certainly not the right strategy for everyone. Ask yourself the following to determine if corporate housing runs in your blood: Is Your Location Right?: Corporate housing locations can be quite different from properties that make great traditional rentals. Corporate housing thrives in urban and business areas where executives travel to often. It...